Increase 630%!Qingdao and the SCO National State 7.04 billion yuan in cross -border RMB in the first 7 months of this year

Wind Financial Reporter Wang Hao

Since the 2019 "China-Shanghai Cooperation Organization Local Economic and Trade Cooperation Demonstration Zone Construction Plan" has been approved, the People's Bank of China Qingdao Central Sub-branch will have been expanding the cross-border use of RMB as an important support for the construction of the topic demonstration zone, promoting Qingdao and Shang Shang and Shangsong The cross -border RMB business has grown rapidly in the joint country (including member states, dialogue countries, and observer states), helping to deepen the economic and trade investment cooperation between Qingdao and the SCO countries. In the first seven months of this year, Qingdao and SCO's national cross -border RMB business volume reached 7.04 billion yuan, an increase of 630%year -on -year. Cross -border receipts with the SCO countries accounted for 28.9%of the cross -border revenue and expenditure of domestic foreign currencies, which was 9.4 percentage points higher than the city's average level.

Strengthen policy preaching and training, and increase policy awareness and participation. Take a variety of forms such as "online preaching+offline discussion" and other forms of lectures and training cross -border RMB settlement policies, and the policy of trade investment and financing RMB settlement facilitation policies. Since the beginning of this year, focusing on Russia, Pakistan and other key leaders, the above -mentioned demonstration zone is the platform, and has held many key enterprise policy training and promotion conferences. A total of 98 companies have trained. RMB settlement business.

To be accurate docking counseling to help companies solve problems. Filter the top 20 companies with the national cross -border RMB settlement with the SCO, and establish a system of pairing and key enterprises in banks. Since the beginning of this year, the United Commercial Bank has visited more than 10 enterprises to understand the business needs and difficulties of the enterprise, and actively responded to the "urgency and anxiety" of the enterprise. Qingdao Guan Shiwei Special Vehicle Co., Ltd. is a trading company engaged in the production and sales of hand carts. The goods are mainly exported to Russia. The two parties have always adopted the US dollar settlement. After understanding this situation, the People's Bank of China Qingdao Central Sub -branch came to explain the preferential and convenience of cross -border RMB policy. Through multiple communication and coordination with the enterprise, the company finally successfully guided the settlement of the currency to RMB to help enterprises recover the RMB in time Payment. From March to July this year, all cross-border settlement currencies between enterprises and Russia have been converted to RMB, and corporate RMB settlement accounts for 69%of all orders.

Deepen cross -border financial cooperation and optimize the international environment of RMB cross -border. Strengthen the guidance and promotion of local financial institutions, and continuously explore deepening of monetary financial cooperation with the SCO countries. Driven by the People's Bank of China Qingdao Central Branch, the Bank of China Qingdao Branch handles the province's first Russian currency exchange ruble financing business; Ge cross -border collection business; Qingdao Rural Commercial Bank signed a financial strategic cooperation agreement with the Bank of Pakistan Habi, with a credit line of 500 million yuan.

In the next step, the Qingdao Central Branch of the People's Bank of China will continue to focus on the business needs in the construction of the demonstration zone, strengthen policy publicity, visit docking and business innovation, strengthen the initiative and awareness of the settlement of the local currency for foreign -related enterprises, and further expand further expansion Cross -border RMB settlement scale helps enterprises reduce exchange rate risks and exchange costs, and help cooperate with SCO economic and trade investment cooperation.

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